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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 7,388,664 $ 7,163,674 $ 6,305,840
Interest expense (25,380) (25,081) (24,185)
Income before taxes 1,025,795 959,732 846,911
Income tax expense (147,256) (162,535) (309,390)
Net income $ 878,539 $ 797,197 $ 537,521
Basic earnings per share $ 241.31 $ 219.58 $ 144.00
Diluted earnings per share $ 221.13 $ 194.80 $ 126.77
Basic weighted average shares outstanding 3,641 3,631 3,733
Diluted weighted average shares outstanding 3,973 4,092 4,240
Homebuilding:      
Revenues $ 7,220,844 $ 7,004,304 $ 6,175,521
Other income 24,779 11,839 6,536
Cost of sales (5,849,862) (5,692,127) (4,990,378)
Selling, general and administrative (447,547) (428,874) (392,272)
Operating income 948,214 895,142 799,407
Interest expense (24,335) (24,036) (23,037)
Income before taxes 923,879 871,106 776,370
Mortgage Banking:      
Revenues 167,820 159,370 130,319
Interest income 12,142 11,593 7,850
Other income 2,857 2,546 2,048
General and administrative (79,858) (83,838) (68,528)
Interest expense (1,045) (1,045) (1,148)
Income before taxes $ 101,916 $ 88,626 $ 70,541